The June Jobs Report: What You Need to Know

"its the cumulative loss of jobs and the depressed wages."

Never mind the fact that over the past seven years, over 10 million jobs have been added and wages (compensation to be exact), has increased year after year.

Chris of AZ @ Jul 07, 2008 13:12:31 PM

don't think taxes are the problem

Just buy a used car, a used anything such as a home, etc and pay no tax at all. Put that in your pipe and smoke it!

whs806 of TX @ Jul 06, 2008 08:05:33 AM

so called fair taxes

i don't think taxes have the biggest impact. its the cumulative loss of jobs and the depressed wages. none of the tax proposals will fix those problems will correct that issue. to implement a national sales tax (aka fair tax) you will have to tax all products (services too!) and there will be no tax credits for any corporate spending. so while that may seem fair to the 2% of the people, the rest of us won't gain much. an example of this would be buying a 10K car (before taxes). federal taxes on that car would be $3300, and then add in the state taxes (plus fees). So I would expect that car sales (and any other) will shrink a lot. Take your electric bill. lets say its 100 (without taxes). now add 33 in federal sales taxes. plus all the other (state and local). and maybe its 150. the only good thing (and its not by design is that outsourcing of any kind will die off. since companies will have to pay taxes on those services as opposed to wages.

DW of OK @ Jul 05, 2008 11:11:34 AM